Dana Incorporated (NYSE:DAN) Given Average Rating of “Moderate Buy” by Analysts

Dana Incorporated (NYSE:DAN) has been given an average rating of “Moderate Buy” by the nine research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.50.

A number of equities analysts have recently weighed in on DAN shares. UBS Group increased their price objective on Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $10.00 to $16.00 in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $9.00 to $19.00 in a report on Monday, December 9th. Royal Bank of Canada increased their price target on shares of Dana from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Friday. Finally, Barclays lifted their price objective on Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th.

Dana Stock Down 3.7 %

DAN stock opened at $15.71 on Monday. The firm has a market cap of $2.28 billion, a PE ratio of -40.29, a P/E/G ratio of 0.72 and a beta of 2.33. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $13.70 and a 200 day simple moving average of $11.48. Dana has a 12 month low of $7.58 and a 12 month high of $16.90.

Dana (NYSE:DAN) last issued its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.10 by $0.15. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.33 billion. Equities research analysts forecast that Dana will post 1.5 earnings per share for the current fiscal year.

Dana Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 28th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.55%. Dana’s payout ratio is currently -102.56%.

Institutional Trading of Dana

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in shares of Dana by 118.3% in the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after buying an additional 1,464 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after buying an additional 2,234 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Dana by 829.3% during the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock worth $48,000 after purchasing an additional 3,732 shares in the last quarter. Entropy Technologies LP acquired a new stake in Dana during the third quarter worth approximately $250,000. Finally, Martingale Asset Management L P acquired a new position in Dana in the third quarter valued at about $346,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Company Profile

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.